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Why Markets Are Dumping: Sticky Inflation Is the Problem Bitcoin Can’t Ignore
September's Consumer Price Index (CPI) report showed a 3.7% annual increase, raising concerns about persistent inflation. The S&P 500 experienced its worst day since July, losing over $800 billion in market capitalization due to higher inflation pressures and expectations of increased interest rates. Bitcoin fell to a monthly low of $80,200, reflecting negative market sentiment.